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Sweden: EIB conditions stalling funding plans – Spyker

Spyker Cars, the owner of Swedish vehicle manufacturer Saab Automobile, has said that the European Investment Bank's (EIB) conditions regarding the release of collateral are stalling plans to secure short-term financing for the OEM. Saab needs funds to pay its suppliers and restart production. It intends to sell its property to Subscribe to Automotive World … Continued

Spyker Cars, the owner of Swedish vehicle manufacturer Saab Automobile, has said that the European Investment Bank's (EIB) conditions regarding the release of collateral are stalling plans to secure short-term financing for the OEM.

Saab needs funds to pay its suppliers and restart production. It intends to sell its property to

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https://www.automotiveworld.com/articles/86919-sweden-eib-conditions-stalling-funding-plans-spyker/

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